Dabur India rises; CLSA downgrades to 'underperform' on Middle East woes

Dabur India

08/05/2026 06:04

** Shares of Dabur India DABU.NS up 1.1% at 472.25 rupees

** CLSA downgrades Dabur's stock to "underperform" from "hold" and cuts PT to 410 rupees from 432 rupees

** Brokerage flags DABU's high Middle East exposure, saying near-term outlook is cautous

** DABU's international business grew 2.5%, with Middle East business declining 6.1%

** CLSA cuts earnings estimates by 5%-6% to reflect these risks, saying that current price is not factoring in risk of lower demand and margins as inflation remains high

** Dabur has the highest exposure to the Middle East among peers and its summer category products lag competition, CLSA says

**  YTD, DABU down 5.8% vs 7.9% fall in FMCG index .NIFTYFMCG

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))